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Online L4M5 Questions Video

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Total 377 questions

Commercial Negotiation Questions and Answers

Question 85

Colin Smith is preparing for a negotiation with a supplier that provides a chemical for grass fertiliser. Colin has been given an action to secure a commercial deal that achieves his organisation's objective of 'ethical and sustainable procurement.' As part of his negotiation plan, Colin is using the ‘must, intend, like (MIL)’ framework to prepare for the negotiation. Colin would categorise his organisation's objective within the negotiation plan as ...

Options:

A.

Intend to have

B.

Like to have

C.

Must have

D.

Likely to have

Question 86

A procurement manager is about to lead an important negotiation with a new IT supplier and has insisted the first meeting takes place at the buying organisation’s office. Will this give one party an advantage?

Options:

A.

Yes—the buyer, as the supplier is unfamiliar with the premises and may be less confident

B.

No—location is not important and does not impact leverage for either party

C.

Yes—the supplier, as they can take time away from their usual workplace

D.

No—the costs, time, and resource spent in attending by both parties will be equal

Question 87

Maria is a professional services category buyer within the National Health Service. Due to the severe financial budget cutbacks the National Health Service is facing, the procurement team has been tasked with achieving cost savings so that funding available can be spent on patient care. Maria plans to achieve savings with one of her collaborative suppliers. Which negotiation approach should she undertake?

Options:

A.

Win-Lose

B.

Lose-Lose

C.

Win-Perceived Win

D.

Win-Win

Question 88

Which of the following will positively affect reputational strength of an organisation? Select TWO that apply.

Options:

A.

Adopting out-of-date technology

B.

Weak internal coordination

C.

Great gap between reputation and reality

D.

High ethical standards

E.

Strong customer focus

Page: 22 / 28
Total 377 questions